Guideline Value for Ambethkar Street ward 15th

Ambethkar Street ward 15th guideline value

The current guideline value for Ambethkar Street ward 15th in Peerklankaranai village is Rs 1,100 per sq.ft, effective from 1 July 2024. This property falls under the Tambaram Joint 1 SRO and is classified as Residential Class II Type - I.

How the guideline value of Ambethkar Street ward 15th has changed

The guideline value for Ambethkar Street ward 15th has seen several revisions over the years. The 2012 revision set the value at Rs 1,000 per sq.ft, which remained unchanged until the 2017 revision, where it decreased to Rs 670 per sq.ft. In 2023, the value was revised to Rs 1,000 per sq.ft, and the most recent revision in 2024 increased it to Rs 1,100 per sq.ft.

Between the revisions, there have been notable changes. From 2012 to 2017, the guideline value decreased by 33%. However, from 2017 to 2023, there was a significant increase of 49%. The latest revision from 2023 to 2024 reflects a 10% increase, resulting in an overall increase of 10% from 2012 to 2024.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO, with guideline values ranging from Rs 880 to Rs 4,400 per sq.ft. The median guideline value in the village is Rs 1,650 per sq.ft, placing Ambethkar Street ward 15th's 2024 figure below this median.

• Ambethkar Street (C Zone): Rs 1,100 per sq.ft (2024)
• Ambethkar Street (B Zone): Rs 1,100 per sq.ft (2024)
• Amman koil 1st St: Rs 1,650 per sq.ft (2024)
• Amman Koil 2nd Cross Street: Rs 1,650 per sq.ft (2024)
• Amman koil 2nd St: Rs 1,650 per sq.ft (2024)
• Amman Koil Ist Cross Street: Rs 1,650 per sq.ft (2024)

Stamp duty and registration fee for property in Ambethkar Street ward 15th

For a 1,000 sq.ft plot at the current guideline value of Rs 1,100 per sq.ft, the total guideline value amounts to Rs 11,00,000. The stamp duty at 7% would be Rs 77,000, and the registration fee at 2% would be Rs 22,000, bringing the total cost to Rs 99,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more precise calculations.

Which Sub Registrar Office covers Ambethkar Street ward 15th?

The Sub Registrar Office that covers Ambethkar Street ward 15th is the Tambaram Joint 1 Sub Registrar Office, located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Peerklankaranai

The guideline value is a crucial factor in the registration process when buying or selling property in Peerklankaranai. It serves as the basis for calculating stamp duty and registration fees, ensuring that the transaction is recorded accurately in accordance with government regulations.

When engaging in property transactions, buyers and sellers must consider the guideline value, as it impacts the overall cost of the transaction. This value is updated periodically, reflecting changes in the real estate market and local conditions.

Frequently asked questions

What is the current guideline value for Ambethkar Street ward 15th?

The current guideline value for Ambethkar Street ward 15th is Rs 1,100 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has undergone several revisions: from Rs 1,000 per sq.ft in 2012 to Rs 670 per sq.ft in 2017, then back to Rs 1,000 per sq.ft in 2023, and finally to Rs 1,100 per sq.ft in 2024.

What is the land classification for Ambethkar Street ward 15th?

Ambethkar Street ward 15th is classified as Residential Class II Type - I, indicating its suitability for residential development.

What are the stamp duty and registration fees for a property in this area?

For a property valued at Rs 11,00,000, the stamp duty would be Rs 77,000 and the registration fee would be Rs 22,000, totaling Rs 99,000. These fees are based on the guideline value or the sale price, whichever is higher.

Where is the Sub Registrar Office located for this area?

The Tambaram Joint 1 Sub Registrar Office is located at No.26, Mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone.